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Join Our Telegram channel to stay up to date on breaking news coverage A novel Bitcoin mining project is ready to launch in Northeast Pennsylvania. Terawulf is setting up a mining plant fueled by nuclear energy called Nautilus. Terawulf first said in 2021 that Nautilus’ fleet of 15,000 mining machines will have a hash rate of 1.6 exahashes per second (EH/s) when it reaches full capacity later in Q1 of this year. It is equivalent to 1.6 quintillion hashes per second, or around 0.54% of the present processing power of the whole Bitcoin mining network, which is operating at a speed of 294.09 EH/s. Yet, more crucially, none of this new mining power will come from fossil fuels, possibly resolving a long-standing critique of the most popular cryptocurrency. A proof-of-work (PoW) mining method is used by Bitcoin to verify transactions and protect the network. Now, miners—computers designed for confirming transactions and earning Bitcoin—consume around 117 terawatt hours annuall

On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to benefit from privacy enhancement. By activating the newly launched plugin, all the funds that merchants receive and send will be coinjoined, or mixed together with other bitcoin transactions. New Btcpay Server Plugin Aims to Bolster Bitcoin Privacy According to an announcement from the privacy-centric bitcoin wallet platform Wasabi Wallet and the bitcoin payment processor Btcpay, merchants now have the ability to obfuscate their incoming and outgoing bitcoin (BTC) transactions. The technology comes in the form of a new plugin for Btcpay, which was developed by Andrew Camilleri and based on Wasabi Wallet’s Wabisabi coinjoin coordination protocol. The Btcpay plugin’s scheme “protects the privacy of all their incoming and outgoing transactions by preventing sensitive info

Join Our Telegram channel to stay up to date on breaking news coverage The world of crypto regulation is evolving as different regions are taking different approaches globally. Recently, Ripple CEO Brad Garlinghouse expressed his cautious optimism concerning regulatory clarity on Crypto in the US. Commenting on the 118 th Congress, the CEO pointed to bills, including the Cryptocurrency Facilitation for Investors and Digital Assets Act (RFIA), the Securities Clarity Act, and the Clarification for Digital Tokens Act. Today is the first day of the 118th Congress. While prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that 2023 is the year we will (finally!) see a breakthrough. A thread on why… — Brad Garlinghouse (@bgarlinghouse) January 3, 2023 However, Garlinghouse noted that no bill is perfect, and there likely never will be one that satisfies everyone. Perfect should not be the enemy of progress-these proposals provide mor

Join Our Telegram channel to stay up to date on breaking news coverage The bear market is the best time to build a diversified portfolio, here is the list of the most promising cryptocurrencies to buy and hold in 2023. The present and future developments of these projects show that it has a significant investment opportunity in 2023. Cardano (ADA) In recent weeks, Cardano has been more well-liked among investors and developers. Industry analysts claim that a variety of Features , including its distinct security strategy, sustainability, and scalability, similar to Ethereum, are to reason for the spike in interest. Cardano has a special strategy for creating new capabilities and Features and focuses on academic research as well. The use of a proof-of-stake consensus mechanism by Cardano, which enables faster and more energy-efficient transactions than conventional proof-of-work systems, is one of its main advantages. As a result, the platform is less expensive to run and mo

At the European Blockchain Convention, Circularr won the award for blockchain startup of the year. Recycling with blockchain was the pitch. 'Recycle to Earn' was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother's house to earn extra money for a Game Boy.  Vogel's love for video games and increasing interest in the impact of recycling in the world are behind his inspiration for Circularr, a London-based company seeking to connect recyclers, manufacturers, and brands throughout a decentralized recycling ecosystem. Proper recycling is a growing challenge.According to the Plastic Waste Makers Index, recycling across the world is not expanding fast enough to keep up with plastic waste, resulting in greater chances of being disposed of on oceans, beaches and rivers than going to recycling plants. In 2021, over 139 million metric to

The year 2023, or the number of crypto jobs that have been cut in the last two months? A report on Thursday (Feb. 23) said that since January, over 2,000 jobs have been lost in the crypto sector as companies continue to cut back. The crypto industry has had a rough start to the new year, even though prices have gone up a little since the crypto winter of 2022, which was a real gut punch. Even so, companies are still trying to cut costs and get rid of waste. This is because the industry’s growth-at-all-costs mentality is turning out to come with high payroll costs that can hurt balance sheets in tough times. Also, if everyone else is doing it, why not let some teams go? In January, U.S. companies cut 102,943 jobs, 41% of which were in the tech sector. Higher interest rates and the risk of a recession are making many industries cut back, but the tech industry is getting most of the attention. The U.S.-based cryptocurrency exchange Coinbase Global Inc.

The Nigerian fintech, Chipper Cash, recently said it has let go of more employees and that this step has been taken to help the firm contain its operating costs. Although no figure of the number of axed workers was given, one report estimated this to be around 100, or 12.5% of Chipper Cash’s entire workforce. Chipper Cash CEO Ham Serunjogi has dismissed reports that the fintech has shut down its crypto department. The Deteriorating Macroeconomic Climate The Nigerian fintech, Chipper Cash, recently confirmed it had laid off a second batch of employees as part of measures aimed at containing the company’s operating costs. Although no figure has been provided, one report estimated the cuts to be around 100 people, or 12.5% of Chipper Cash’s entire workforce. According to a Techcrunch report, the fintech’s firm latest retrenchment exercise has impacted all areas, from human resources to the research and legal departments. Commenting on the fintech’s axing of talented employees less than

Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr. Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC.  The Lightning Network is a neutral protocol built on top of Bitcoin and currently it does not have a “native” token attached to it like many decentralized finance platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the ETH in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. Total ETH locked in DeFi contracts (top) and total BTC in Lightning Network channels (bottom). Source: DefiLlama While the liquidity on the LN has been rising consistently, the number of channels on the peer-to-peer network dropped drastically in November following the FTX collapse. It could be due to an exodus of miners operating LN nodes besides running mining

Norby said the “experiment” was part of a plan to onboard more people onto Solana, however the stores didn’t bring in as many users as they initially hoped. Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn't onboard as many users as it initially anticipated. Solana Spaces tweeted the news on Feb. 21 sharing a note from its founder, Vibhu Norby, explaining the reasons behind the store shutdowns. The following is a note from our founder, @vibhu. Dear @solanaspaces community, We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February, and to pivot our Solana onboarding efforts into digital products like DRiP, our free NFT product with… https://t.co/kjNu9Ay4Gk — Solana Spaces (@solanaspaces) February 21, 2023 Norby — who founded Solana Spaces in early 2022 — explained the company reached an “inflection point” with the stores,

The price of Bone as well as Leash have been heavily influenced by Shibarium-related announcements. Bone , in particular, has time and again displayed a prominent rise when the SHIB network rolls out an update about the layer-2 development. Over the last 24 hours, Bone witnessed a steady growth of 13.81%, and its price shot up to a high of $1.91. This sudden rise was attributed to Shytoshi Kusama’s latest blog post which carried information about Shibarium. Source – BONE/USDT Chart on TradingView As seen in the above chart, buyers entered the Bone market extensively. The Relative Strength Index [RSI] indicator indicated that the altcoin was currently overbought. It should be noted that Bone doubled in price back in 2022. The asset went from $0.50 to $1 in a span of 30 days. While the token is already inching closer to $2, the community believes that Bone could reach $3 even before the launch of Shibarium. Therefore, the chances of the asset hitting $3 are relative

Global online firms are watching the Turkish eCommerce sector expand. Worldline’s vice president of growth and digital commerce, Guillaume Tournand, calls Turkey a “high-growth market” with eCommerce development potential far higher than in the EU or US. As a result, more international eCommerce enterprises are considering cross-border eCommerce. “The tremendous growth that we’ve seen in markets like Turkey is significantly higher than what we can see in Europe or the U.S.,” Tournand told in an interview. According to official statistics from the BKM, the Interbank Card Center in Turkey, local eCommerce has grown at a compound annual growth rate of around 40% in recent years. This rate climbed to a stunning 75% as the epidemic drove more merchants online. He claimed Turkey’s “strong economy heading swiftly towards the eCommerce world” made it an easy option for Worldline’s next high-growth market. In January, the global payments business established a coo

For the most popular cryptocurrency, Bitcoin, analysts at the US-based cryptocurrency exchange Kraken have set a lofty price objective. The experts at Kraken utilise historical price data for Bitcoin to forecast BTC’s potential long-term direction in a new letter to traders. The exchange’s prediction is based on how much BTC’s price has risen during prior bull runs relative to its 200-week moving average. The experts at Kraken claim that in the past, when Bitcoin’s price touched its 200-week moving average, it increased by 10 to 15 times. Thus, a projected price range of $237,894 to $356,841 is anticipated. Source: Kraken Intelligence If the history is any indication of the future, Kraken is also considering where Ethereum may go. The exchange makes use of the regression rainbow and logarithmic chart for Ethereum, which depicts the curve representing the price range of ETH over time. Kraken claims that since the rainbow tends upward, the possibl

Gemini co-founder Cameron Winklevoss believes the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind. Crypto’s next bull run will start in Asia, according to Cameron Winklevoss, an American investor and co -founder of crypto exchange Gemini. His comments have come amid an increase in enforcement action and looming crackdowns from United States regulators, including the Securities and Exchange Commission. “My working thesis atm is that the next bull run is going to start in the East,” Winklevoss said in a tweet on Feb. 19. “It will be a humbling reminder that crypto is a global asset class and that the West, really the US, always only ever had two options: embrace it or be left behind.” “It can’t be stopped. That we know,” he added. According to Chainalysis, Central & Southern Asia and Oceania (CSAO) was the third largest cryptocurrency market in its index for 2022. Citizens from these areas received $932 billion in cryptoc

The Undeads metaverse introduces a player-driven economy based on collecting and trading NFT items while engaging in traditional catchy survival gameplay. The game industry has taken notice of the growing GameFi sector, which utilizes blockchain technology, and many brands have launched their own unique blockchain games. However, many of these games lack the engaging gameplay mechanics and enjoyment found in successful traditional games. Undeads aims to bring these elements to the forefront with high production values, high entertainment and replayability values not yet seen in the Web3 space. Undeads Metaverse is a AAA survival game that is revolutionizing the world of blockchain gaming . The team of over 70 developers is using Play-to-earn mechanics, a well-designed game economy and high production values to usher in a new era of Web3 gaming . The team has also partnered with high-end production companies like Warner Brothers and world-renowned sound and design company Wabi Sabi Sou